Review:
Arbitration In International Disputes
overall review score: 4.5
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score is between 0 and 5
Arbitration in international disputes refers to the process of resolving conflicts between parties from different countries through a neutral third party, known as an arbitrator.
Key Features
- Neutral third-party arbitration
- Enforceable decisions
- Confidentiality
- Flexibility in procedure
Pros
- Efficient and cost-effective way to resolve cross-border disputes
- Allows parties to choose arbitrators with relevant expertise
- Enforceable decisions reduce uncertainty
Cons
- Lack of appeal process in some cases
- Potential bias of arbitrators
- Limited ability to compel evidence